M1 Finance

M1 Finance Promotion Code

$4,000 and $500 M1 Finance promotion codes. Account transfer bonus offer. New M1 IRA/investment account opening incentive for 2022.

M1 Finance Promotion For Deposit

Open M1 Finance Account

M1 Finance Promotion Details

M1 Finance BonusDeposit Amount
$500 $50,000+
$300 $30,000 – $49,999.99
$150 $10,000 – $29,999.99
$75 $5,000 – $9,999.99
$30 $1,000 – $4,999.99

M1 Finance Promotion For Account Transfer

Open M1 Finance Account

M1 Finance Account Transfer Promotion Details

M1 Finance BonusAccount Transfer Amount
$4,000 $2,000,000+
$1,000 $1,000,000 – $1,999,999.99
$1,000 $500,000 – $999,999.99
$500 $250,000 – $499,999.99
$250 $100,000 – $249,999.99
$150 $50,000 – $99,999.99
$75 $20,000 – $49,999.99
$40 $10,000 – $19,999.99

M1 Finance promotion applies to direct account transfers initiated in the first 60 days since M1 user sign-up date from participating brokerages. Payments for eligible transfers will be paid 90 days after the account transfer is received. This offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. This M1 Finance promo code is not valid with ACH deposits, wire transfers or direct 401k rollovers.

About M1 Finance

M1 Finance is a robo-advisory firm that found its own unique place in the brokerage world by offering something different: automated investing without a questionnaire. The firm can use this method because investors at M1 determine their own asset allocation.

Overview of M1 Finance, Betterment, and Swell Investing

Three non-traditional brokers that provide unique investment methods are Betterment, M1 Finance, and Swell Investing.Let’s take a look at these companies and see which one offers more value.

Investment Methods

Each broker in our survey has its own unique method of investment management. Betterment was one of the first robo advisors on the scene in the brokerage world. It buys and sells a very limited number of low-cost ETF’s using a software program. The broker begins the account opening process with a very short questionnaire. It asks just age, annual income, and retirement status. The firm’s website then recommends an asset allocation of various proportions of stocks and bonds.

M1 Finance offers a selection of pre-designed portfolios called Pies. They are composed of stocks, ETF’s, and other Pies. Customers can create their own Pies, and it’s possible to change Pies after signing up. The customer, and not a robot, makes this decision. A single Pie can be composed of just one stock or ETF. M1 rebalances Pies automatically, and cash deposits are also automatically deposited into Pies. There is no questionnaire here.

Swell Investing is a socially-conscious firm. It offers impact investments that focus on social causes. Some of the available portfolios include Disease Eradication, Zero Waste, and Renewable Energy. They are composed of stocks. Technically, the portfolios are separately managed accounts (SMA’s), not ETF’s or mutual funds. One nice feature of the broker’s SMA’s is that up to three equities can be removed, a luxury that funds don’t provide.

The three investment methods have their own unique strengths and weaknesses, and they will benefit different types of investors. Since M1 Finance offers the most flexible and assets rich investing, it wins this category.


Betterment charges just 0.25% for its basic robo-advisory plan. This price includes automatic rebalancing, tax-savings strategies, no balance requirement, and unlimited phone consultations with licensed financial experts.

For an additional 15 basis points per annum and a $100,000 balance, the broker offers financial advice for investments off of its own platform. These assets can include individual stocks, real estate, and 401(k) management. Called the Premium plan, it also includes access to advisors with a CFP® certification.

Swell Investing is a little more expensive at 75 basis points per year. Its account minimum is $500. The broker does not charge any commissions on SMA’s or securities within an SMA, although it does pass on regulatory and exchange fees. An account at Swell has no annual fee besides the SMA management fee.

M1 Finance requires zero deposit to open an account, although there is a $100 minimum to start investing. The broker charges NOTHING for investing. That's right - it's absolutely FREE.

M1 Finance has the lowest prices and it takes this category too.


M1 promo code: Up to $500 cash bonus for funding account at M1 Finance.

Betterment promo code: Up to a whole year managed for free with this promotion.

M1 Finance vs Betterment

Available Products

Betterment offers only exchange-traded funds with low expense ratios. Stocks and mutual funds are not available, nor are options, bonds, forex, or futures. Obviously, there’s a lot left out here. In addition to taxable accounts, Betterment also provides IRA’s.

M1 Finance customers also can open either taxable or nontaxable accounts. Besides ETF’s, the broker’s clients can trade stocks, too, which is a major advantage over Betterment. Mutual funds and other investments are not available, however.

Swell Investing offers only its SMA’s, and there is a rather small selection of them. The broker does not provide IRA’s, business accounts, or joint accounts.

M1 Finance is the clear winner here.

Customer Service

Betterment provides phone support Monday through Thursday from 9:00 am until 8:00 pm, Eastern Standard Time. On Friday, the company closes two hours early. On Saturday and Sunday, there is an on-line chat function that’s open from 11:00 am until 6:00 pm. On-line chat is also accessible during the week.

M1 Finance provides phone support between 9:00 am and 5:00 pm, CST, during the week. The company hosts no weekend hours. There is a service e-mail address, but no on-line chat. There is a robo-chat feature on the M1 website, and it can be used to send messages with attachments to the broker.

Swell Investing does not publish its phone number, which seems really strange. To contact the broker, you first have to send an e-mail, and someone will try to resolve your issue. If the broker needs to speak with you, someone will call. This seems like a terrible form of customer service.

This category is awarded to Betterment.

Financial Advice

As we have already seen, all three companies offer portfolio management for a small fee. M1 Finance does not provide anything beyond this service.

Betterment, however, has a team of investment advisors who work with customers to help them make more informed financial decisions. These professionals are available through the company’s mobile app. CFP advisors can be contacted over the phone or through e-mail. The broker’s financial experts provide advice on such topics as retirement, equity-based compensation, and getting married.

Swell Investing does not offer any type of financial advice currently. It does, however, plan to create an option to allow clients to open an account with a third-party advisor.

The best choice here is obviously Betterment.


Overall, M1 Finance (read review) outperformed the other two firms. Swell Investing, unfortunately, is no longer in business.

Recommended Articles

M1 vs Firstrade
M1 closing fees
M1 vs Robinhood

M1 Finance Promo Code Disclaimer

Current M1 Finance promo code can change without notice at any time. Carefully read information on the broker's own website before opening an account with M1 Finance incentive.

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.